(PennarSteel) Pennar Steel complete technical analysis [charts+indicators] | Buy/Sell Pennar Steel | (PennarSteel) share price targets
Complete technical analysis of Pennar Steel (PennarSteel) by charts plus indicators, forecast predictions and share price targets for Pennar Steel (PennarSteel)
Showing technical analysis as on 2024-08-06 View latest technical analysis
10 day averaged volume of Pennar Steel is 119613
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 171.70 | 171.60 | 182.00 | 169.75 | 1.224 times |
| 05 Mon Aug 2024 | 173.65 | 182.00 | 182.00 | 170.40 | 0.435 times |
| 02 Fri Aug 2024 | 185.90 | 185.15 | 193.10 | 183.05 | 0.657 times |
| 01 Thu Aug 2024 | 189.50 | 191.60 | 200.70 | 188.35 | 1.182 times |
| 31 Wed Jul 2024 | 193.90 | 190.50 | 196.75 | 190.50 | 0.404 times |
| 30 Tue Jul 2024 | 193.75 | 198.95 | 204.20 | 192.65 | 1.62 times |
| 29 Mon Jul 2024 | 196.65 | 181.00 | 198.60 | 181.00 | 3.574 times |
| 26 Fri Jul 2024 | 179.80 | 181.40 | 181.40 | 177.25 | 0.208 times |
| 25 Thu Jul 2024 | 178.15 | 181.45 | 186.90 | 177.70 | 1.074 times |
| 24 Wed Jul 2024 | 183.45 | 175.65 | 184.05 | 172.25 | 0.428 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 171.9, but if it comes above 171.9, then a intra day buy could be more profitable.
If you take a sell trade below 171.9, then use 171.9 as stoploss and 162.1 as target. However if you take a buy trade in stock , then use 171.9 as stoploss and 180.05 as target.
Share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Target | 116.30 |
| Downside Target | 120.00 |
| Downside Target | 122.65 |
| Downside Target | 144.45 |
| Downside Target | 151.55 |
| Downside Target | 164.75 |
| Downside Target | 169.75 |
| Upside Target | 181.00 |
| Upside Target | 185.90 |
| Upside Target | 186.90 |
| Upside Target | 188.15 |
| Upside Target | 200.70 |
| Upside Target | 204.20 |
Intraday share price targets for Pennar Steel (PennarSteel)
| Target Type | Value |
| Downside Intraday Target | 166.97 |
| Downside Intraday Target | 162.23 |
| Upside Intraday Target | 179.22 |
| Upside Intraday Target | 186.73 |
| Upside Intraday Target | 174.48 |
Weekly technical analysis of Pennar Steel (PennarSteel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 171.70 | 182.00 | 182.00 | 169.75 | 0.223 times |
| 02 Fri Aug 2024 | 185.90 | 181.00 | 204.20 | 181.00 | 3.003 times |
| 26 Fri Jul 2024 | 179.80 | 174.10 | 186.90 | 165.15 | 0.502 times |
| 19 Fri Jul 2024 | 172.35 | 183.65 | 188.15 | 170.50 | 1.159 times |
| 12 Fri Jul 2024 | 177.90 | 174.80 | 182.40 | 164.75 | 0.649 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Pennar Steel (PennarSteel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 171.70 | 191.60 | 200.70 | 169.75 | 0.147 times |
| 31 Wed Jul 2024 | 193.90 | 173.20 | 204.20 | 164.75 | 1.028 times |
| 28 Fri Jun 2024 | 168.70 | 149.80 | 185.90 | 120.00 | 1.447 times |
| 31 Fri May 2024 | 143.80 | 138.70 | 151.55 | 122.65 | 0.969 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Pennar Steel (PennarSteel)
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.
Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Pennar Steel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Pennar Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 188.24 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Pennar Steel (PennarSteel) stock. Volume based technical analysis of Pennar Steel (PennarSteel) stock is negative.
Pennar Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Pennar Steel ( (PennarSteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Pennar Steel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Pennar Steel in short term but the sell signal is initial and weak.
Pennar Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Pennar Steel in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Pennar Steel is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 188.24 and Pennar Steel (PennarSteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Pennar Steel (PennarSteel) stock. Volume based technical analysis of Pennar Steel (PennarSteel) stock is negative.
Pennar Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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